Examlex
A facilities management company uses a private cloud that bursts to a public cloud at times. The CSA is asked to check the amount of storage that is used when the organization is overutilizing on-premises resources. Which of the following should the CSA check?
Liberal Return Policy
A company policy that allows customers to return purchased items with minimal restrictions, aiming to enhance customer satisfaction and trust.
Recognizes Revenue
The process of recording revenue in the financial statements when it is earned and realizable.
Factoring Arrangement With Recourse
A financial transaction where a business sells its receivables to a third party (factor) but must buy back any uncollected receivables, thus bearing the risk of default.
Holdback
A portion of the purchase price of an asset that is withheld until certain conditions have been met, ensuring fulfilment of contractual terms.
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